Gold prices in Pakistan soared sharply, rising by Rs13,300 per tola to reach Rs563,862, reflecting the impact of rising geopolitical tensions on both local and international markets.
The price of 10 grams of gold also increased significantly, climbing by Rs11,402 to Rs483,420, highlighting the strong demand for safe-haven assets amid uncertain economic conditions globally.
Read more : Gold prices surge by Rs 10,000 per tola
Silver followed the upward trend, gaining Rs188 per tola to reach Rs10,050, indicating that precious metals are continuing to attract investors seeking security amid escalating regional conflicts.
Internationally, gold surged by $133 per ounce, reaching $5,411, fueled by investor concerns over geopolitical instability and the resulting shifts in global financial markets that drive commodity prices higher.
Read more : Gold prices extend rally for fourth straight day globally
Market experts noted that gold and silver had already been rising toward the end of the previous week, and the current spike reflects renewed risk aversion among investors worldwide.
Analysts expect that sustained geopolitical tensions could continue to push local gold and silver prices higher, while traders are closely monitoring international rates to anticipate further market movements.